New York, January 15, 2026, 14:49 EST — Regular session
- Western Digital shares climbed roughly 5% in afternoon trading, hitting levels close to the day’s peak
- In early January, retail investors have stepped up buying activity in memory and storage-related stocks
- Investors are turning their attention to the Jan. 29 results for clues on demand and pricing.
Western Digital shares rose 5.2% to $226.25 Thursday afternoon, pushing higher after a strong January rally for data storage stocks. The stock hit an intraday high of $230.40 earlier in the session.
The jump is significant as Western Digital now serves as a quick barometer for the AI build-out, where storage needs can surge rapidly with data center compute expansions. Traders are betting that tight supply in segments of the memory-and-storage market will keep prices strong through 2026.
Retail investors have played a key role in the rally. According to Vanda Research, Western Digital attracted nearly $10 million in net retail inflows—buying minus selling—during the first two weeks of January. This puts the company on track for its best month since October 2025. Samsung co-CEO TM Roh described the memory chip shortage as “unprecedented.” Steve Sosnick, chief strategist at Interactive Brokers, added: “Memory chips are certainly among the themes that are exciting our customers these days.” (Reuters)
Western Digital’s jump followed a broader rally in storage and memory stocks. SanDisk climbed 6.6%, Seagate gained 3.8%, and Micron edged up 1.7%.
Chip stocks found a boost after Taiwan Semiconductor Manufacturing Co topped forecasts and revealed plans to spend $52 billion to $56 billion on capital expenditure through 2026. CEO C.C. Wei acknowledged concerns about an AI bubble, describing the firm as “very nervous” about the spending pace. Still, Ben Barringer, head of technology research at Quilter Cheviot, called the results “a very positive start” to the tech earnings season. (Reuters)
Western Digital saw some buying after Barclays bumped its price target to $240 from $200, maintaining an overweight rating, MT Newswires reported. (MarketScreener)
That sensitivity swings both ways. When investors shift away from high-growth tech plays, storage stocks often take a sharp hit. Plus, any hint that supply constraints are loosening tends to quickly weigh on pricing expectations.
Western Digital plans to release its fiscal second-quarter earnings after the market closes on Jan. 29 and will hold a conference call at 4:30 p.m. Eastern, the company announced. (Western Digital)
Investors are keenly awaiting updates on cloud and hyperscaler demand, alongside any signs that data-center drive pricing is stable as clients secure capacity. Outlooks on supply, lead times, and order flow are expected to influence the next phase of the trade.
All eyes now turn to the Jan. 29 report — the first solid chance to see if Western Digital’s numbers reflect the market’s AI-driven storage hype.
